Nyc , /PRNewswire/ — CommonBond, a groundbreaking Fintech team, declares today the brand new launch of its new Solar investment business

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Giving sensible financial support options for the installation of solar power panels, the firm is actually permitting significantly more residents to save cash on the month-to-month fuel expenses and reduce its carbon footprint.

Best known for its Student lending team, CommonBond released their Solar power financial support business from inside the “stealth means” during the Q3 2021 and that is currently towards the rate to complete $step 1 billion regarding Solar originations inside the 2022.

“There is created top-in-class credit technical which allows rate, simplicity, and deals to own consumers in several equipment classes,” told you David Klein , Ceo & Co-Originator out of CommonBond. “Our very own mission is without question to include our very own consumers which have classified products that meet its growing financials need, and you will Solar power try the 2nd large device within scale.”

• 77% of its consumers possess a house or propose to buy one within three-years of refinancing their student loan to the team
• Their extensible lending technology allows rapid equipment creativity in order to meet with the developing means of its people in order to fill unmet need in the business
• Brand new feeling regarding Solar – and you may ESG way more generally – was in line with CommonBond’s purpose to aid users and have now large impact. Within the first complete year of Solar originations, CommonBond expects to reduce the need for the fresh new consuming off a hundred million weight out of coal

“Domestic rooftop solar power age group is just one of the greatest suggests to minimize your own carbon footprint, https://carolinapaydayloans.net/ but adoption might have been slowly than just it should be,” said Robb Granado , Chairman of CommonBond. “We believe you to definitely costs and good sense are a couple of significant obstacles so you’re able to residential solar power adoptionmonBond has established a different gang of prospective to have Solar Installers and Homeowners to address people obstacles.”

There are three straight ways solar power installers run CommonBond to boost conversion process velocity and send finest in category solution to their customers:

1. API-oriented section off sale integrations for a completely integrated conversion process and you may capital feel
2. Web and software-founded point from business sites for installers to quickly and easily supply CommonBond resource possibilities
3. Integrations that have leading solar proposal generation equipment

“The technical reduces costs for one another installers and you will home owners. As well as the amicable service we have been recognized for is actually a breathing out of clean air for everybody,” said Granado.

CommonBond consistently achieves an enthusiastic 80+ online supporter rating (NPS) certainly its customers, which puts CommonBond one of the world’s most readily useful provider names. Very early domestic solar customers are big marketers of your brand name and keeps highlighted key dimensions of the fresh new CommonBond offering, and “great speed”, “advanced level service”, “very easy to manage”, and you may “reliable”.